What Is a Possible Effect of Unions

question 156

Multiple Choice

What is a possible effect of unions?

• A) Unions decrease the natural rate of unemployment.
• B) Unions decrease the wages of workers in the union.
• C) Unions raise the profits of firms they work for.
• D) Unions cause wages of nonunionized workers to fall.

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Definitions:

Accumulated Depreciation

Accumulated depreciation represents the total amount of depreciation expense that has been recorded against a fixed asset over its useful life.

Operating Costs

Expenses associated with the day-to-day functionalities of a business, including costs for materials, labor, and overhead.

Scrap Value

The estimated residual value of an asset at the end of its useful life.

Manufacture Further

The process of conducting additional production activities intended to enhance the value or functionality of a product.